Cash flow management simplified

(2 minute read)

This method is simple but not easy.  

You will need 3 business bank accounts.  

1. Revenue
2. Regular Expenses
3. Future Liabilities  

1. Distribute from the revenue account weekly to cover expenses and liabilities.
2. Estimate taxes (GST, PAYG W, Income Tax, Payroll Tax etc) and transfer the appropriate percentage to the future liabilities account weekly.

Simplicity is key when it comes to effective cash flow management, and one way to keep it straightforward is to use a spreadsheet. Whether it's Excel or Google Sheets, creating a smart business cash flow spreadsheet can help you model projected cash flow and incorporate business-specific features.

Why is effective cash flow management crucial for your business?  Cash is king.  Cash is the lifeblood of every business.  It is also an ideal measurement of business valuation.  

If cash flow is not managed properly, all businesses are at risk of failure. Just imagine what would happen if you couldn't pay your suppliers and lenders. Our experienced business advisers can help you develop straightforward , efficient methods to enhance your cash flow management and ensure your business has the cash it needs to survive and thrive. 

When you’re ready to get what you want and truly deserve out of your business, we’re here to help.

  • Are you tired of playing small?
  • Do you want to create a real, long-lasting impact for yourself, your family and the community?
  • Do you feel like there are never enough hours in the day?
  • Do you struggle for clarity about your business performance and direction?

Here are a few ways we can help you

  1. Sign up for our Newsletter where we provide free actionable advice for business owners.
  2. Follow us on Linkedin
  3. Work with me and my team privately. Schedule an obligation-free chat if you want to work ON your business, not IN it!

The information on this website is general in nature and does not consider your personal situation. You should consider whether the information is appropriate to your needs and, where appropriate, seek professional advice.

Related Articles

Navigating the Financial Waters of Divorce
April 21, 2024

Navigating the Financial Waters of Divorce

The Emergence of Child Maintenance Trusts

Read More Read More
Essential Asset Protection Strategies for Small Business Owners
February 5, 2024

Essential Asset Protection Strategies for Small Business Owners

This article discusses the 5 layers of asset protection available for SME owners.  

Read More Read More